Analytics

From the beginning of the year until the end of June, Kuwaiti citizens and residents bought about 9 tons of gold in the form of ingots, coins and jewelry. In value terms, the volume of demand turned out to be the same as for the same period last year.

In July, silver coin and bullion sales reached the second-highest monthly figure on record, namely 2.46 million ounces, up 61.8% from June and 89.3% year-on-year.

Gold has been a valuable item for centuries. There are many reasons why investing in a yellow metal is a smart move. Let's take a look at some of them below.

Silver, like gold, is considered a defensive investment asset in conditions of instability, as well as a traditional inflation hedge instrument. Silver could be in a more privileged position in the near future as industrial demand for it grows.

The London-based research firm is forecasting a year-end decline to $1,650 an ounce, but the rally will resume in 2023.

The Kingdom began to develop the country's largest gold mine amid a general trend of increased mining.

World Gold Council material.

World Gold Council material.

There are many ways to invest in gold and silver. Investment coins are one of the popular assets for investing in precious metals. The coins have an attractive design, so can also be a luxury gift.

Spain has minted a gold investment coin featuring a bull. The coin was issued in 2022. The quality of minting at the coin is the highest, namely, the reverse proof. Recall that in 2021 a coin was issued with similar quality, but a lynx was depicted on the reverse.